The next questions refer to the following hypothetical economy
In one year, an economy produces 100 units of capital goods, which sell for $30 each, and 200 units of consumer goods, which sell for $10 each. In the second year, 150 units of capital are produced, and sold for $20 each, while 220 units of consumer goods are produced and sold for $20 each. In the third year, 160 units of capital are sold for $30 each, and 200 units of consumer goods are sold for $20 each.
-Using chain weights,between years two and three real GDP
A) increased by 19%
B) increased by 3%
C) remained constant
D) decreased by 2%
E) decreased by 5%
Correct Answer:
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Q13: In the national income accounts,which of the
Q14: In most industrial economies,the largest component of
Q15: The next questions refer to the following
Q16: The shares of national income paid to
Q17: The next questions refer to the following
Q19: If both imports (M) and exports (X)
Q20: Countries A and B have the same
Q21: The Canadian economy produces only about half
Q22: Most of the world's economic output is
Q23: Comparing countries' income per head using Purchasing
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